According to the source, Europol said authorities in Germany and Switzerland shut down a crypto mixer that processed about $1.4 billion in transactions in a coordinated cross-border operation, underscoring intensified anti-money laundering enforcement in Europe; source: Europol. Historical data shows mixer inflows drop sharply after takedowns and illicit funds often reroute to alternative services, raising compliance risk for exchanges and traders interacting with tainted UTXOs; source: Chainalysis 2024 Crypto Crime Report. VASPs are expected to tighten screening and may delay or reject deposits associated with mixer-linked addresses as firms align with FATF Recommendation 15 and Travel Rule requirements, impacting fund mobility for market participants; source: FATF.

According to CoinMarketCap, South Korea is extending its crypto Travel Rule to include transactions under KRW 1,000,000 (about $680), closing a loophole where users split transfers to avoid reporting requirements. Source: CoinMarketCap (Twitter, Nov 28, 2025). Under the Travel Rule, virtual asset service providers must collect and transmit originator and beneficiary information for covered transfers, so bringing sub-KRW 1M transfers into scope means more small exchange and wallet transfers will require identity data at the time of transfer. Source: FATF Recommendation 16 and Travel Rule guidance. For traders, this extension entails stricter screening on deposits and withdrawals across Korean exchanges and offshore venues once implemented, increasing traceability and reducing the effectiveness of structuring via split transfers. Source: FATF Recommendation 16; Korea Financial Services Commission Travel Rule implementation framework (2021–2022).